Drone giant DJI said to list in Hong Kong in 2021

Recently, there have been media reports that some investment institutions are promoting DJI equity financing projects, hinting that the company has plans to go public next year.

Recently, there have been media reports that some investment institutions are promoting DJI equity financing projects, hinting that the company has plans to go public next year.

In response to this news, a relevant person in DJI said that no information has been circulated about the listing.

It is reported that since its establishment, DJI has experienced 6 rounds of financing. In the latest round of financing in April 2018, DJI received a US$1 billion strategic financing.

After the financing, DJI was valued at 16 billion U.S. dollars. During the financing, DJI was dubbed “the most powerful recipient of financing in history.”

Shenzhen DJ-Innovations (DJI) was founded in 2006 by Hong Kong University of Science and Technology graduate Wang Tao and others. It is the world’s leading R&D and manufacturer of unmanned aerial vehicle control systems and unmanned aerial vehicle solutions, with customers in more than 100 countries around the world.

Through continuous innovation, DJI is committed to providing revolutionary intelligent flight control products and solutions with the strongest performance and best experience for the drone industry, industry users and professional aerial photography applications.

In February 2015, the authoritative American business magazine Fast Company selected the top ten consumer electronics innovation companies in 2015. DJI Innovation Technology Co., Ltd. is the only local Chinese company, behind Google and Tesla, ranking third.

As of 2016, DJI has filed more than 1,500 patent applications worldwide and obtained more than 400 patent authorizations, covering areas including the structural design of various parts of the UAV, circuit systems, flight stability, wireless communication and control systems.

In June 2017, DJI was selected into the list of MIT Technology Review 50 Smartest Companies 2017. On June 30, 2017, DJI was awarded the China Trademark Awards for trademark innovation.

On September 2, 2019, the Ministry of Industry and Information Technology released the list of companies to be recognized as national technological innovation demonstration enterprises in 2019. Shenzhen DJI Innovation was listed.

Drone giant DJI said to list in Hong Kong in 2021

According to data from ASKCI Consulting, DJI was the leading brand in drone purchases at all price points in 2018, accounting for 74% of the global market share, two percentages higher than 2017 (72%).

In terms of business, it includes consumer drone systems, handheld imaging systems, and robot education. The products are used in film and television, agriculture, real estate, news, fire fighting, rescue, energy, remote sensing mapping, wildlife protection and other fields.

According to IDC statistics, DJI occupies more than 70% of the global consumer drone market, ranking first among the global civilian drone companies.

According to Qianzhan.com’s “China UAV Industry Market Demand Forecast and Investment Strategic Planning Analysis Report”, from 2015 to 2017, DJI’s revenue reached 5.98 billion yuan, 9.78 billion yuan, and 17.57 billion yuan, and the growth rate remained at 60%. %the above. Its net profits were 1.42 billion yuan, 1.93 billion yuan and 4.3 billion yuan.

In terms of growth rate, DJI stated in financing materials that the compound growth rate from 2012 to 2021 will reach more than 70%.

DJI’s drone industry is still in a rapid expansion stage.

According to recent data released by Gartner, the output value of the drone industry will exceed US$400 billion in the next 10 years. 5G applications will further stimulate the growth of demand for drones. According to data from CIC Research, the global industrial drone market is expected to grow at a compound annual growth rate of 25% in the next five years.

The market demand is huge, and the financing demand is also huge. As a unicorn, the listing of DJI is inevitable. It is only a matter of time.

Disclaimer: This is an article created by Michael Liang for Chinasdg.org. You can find the original article here: https://chinasdg.org/2020/07/29/drone-giant-dji-said-to-list-in-hong-kong-in-2021/.

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